Office Depot, Inc., together with its subsidiaries, provides various products and services. It operates in three divisions: Retail, Business Solutions, and CompuCom. The Retail division operates retail stores, which offer office supplies; technology products and solutions; business machines and related supplies; print, cleaning, breakroom, and facilities products; and office furniture in the United States, Puerto Rico, and the U.S. Virgin Islands. Its stores also provide printing, reproduction, mailing, and shipping services. As of December 31, 2017, this division operated 1,378 office supply stores. The Business Solutions division sells office supply products and services through sales forces, catalogs, and telesales, as well as through Internet sites in the United States, Puerto Rico, U.S. Virgin Islands, and Canada. The CompuCom division sells information technology (IT) outsourcing services and products in the United States, Canada, and Costa Rica. It offers a range of solutions, including end user computing (tablets, smartphones, laptops, and desktops), data center management, service desk, network infrastructure, and IT workforce solutions. This division serves its customers through IT service and sales representatives and telesales, as well as Internet sites. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, and Grand & Toy. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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Miscellaneous

Office Depot (NASDAQ:ODP) Frequently Asked Questions

What is Office Depot's stock symbol?

Office Depot trades on the NASDAQ under the ticker symbol "ODP."

How often does Office Depot pay dividends? What is the dividend yield for Office Depot?

Office Depot announced a quarterly dividend on Wednesday, November 7th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.025 per share on Friday, December 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, November 21st. View Office Depot's Dividend History.

How will Office Depot's stock buyback program work?

Office Depot announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 20th 2018, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were Office Depot's earnings last quarter?

Office Depot Inc (NASDAQ:ODP) announced its earnings results on Wednesday, November, 7th. The specialty retailer reported $0.13 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.01. The specialty retailer had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Office Depot had a return on equity of 8.90% and a net margin of 0.59%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. View Office Depot's Earnings History.

When is Office Depot's next earnings date?

What guidance has Office Depot issued on next quarter's earnings?

Office Depot updated its FY 2019 earnings guidance on Wednesday, November, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $11.1-11.1 billion, compared to the consensus revenue estimate of $10.79 billion.Office Depot also updated its FY 2018 guidance to EPS.

What price target have analysts set for ODP?

4 brokers have issued 12-month target prices for Office Depot's stock. Their forecasts range from $4.00 to $5.00. On average, they anticipate Office Depot's share price to reach $4.50 in the next year. This suggests a possible upside of 50.5% from the stock's current price. View Analyst Price Targets for Office Depot.

What is the consensus analysts' recommendation for Office Depot?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Depot in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Depot.

Has Office Depot been receiving favorable news coverage?

Press coverage about ODP stock has been trending positive on Monday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Office Depot earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned media headlines about the specialty retailer a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.

Are investors shorting Office Depot?

Office Depot saw a decline in short interest in December. As of December 31st, there was short interest totalling 12,900,190 shares, a decline of 12.8% from the December 14th total of 14,785,709 shares. Based on an average trading volume of 8,682,868 shares, the short-interest ratio is currently 1.5 days. Currently, 2.4% of the shares of the company are short sold. View Office Depot's Current Options Chain.

Which institutional investors are buying Office Depot stock?

ODP stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC. Company insiders that have bought Office Depot stock in the last two years include Joseph T Lower, Joseph Vassalluzzo and Nigel Travis. View Insider Buying and Selling for Office Depot.

How do I buy shares of Office Depot?

Shares of ODP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Office Depot's stock price today?

One share of ODP stock can currently be purchased for approximately $2.99.

How big of a company is Office Depot?

Office Depot has a market capitalization of $1.64 billion and generates $10.24 billion in revenue each year. The specialty retailer earns $181 million in net income (profit) each year or $0.45 on an earnings per share basis. Office Depot employs 45,000 workers across the globe.

MarketBeat Community Rating for Office Depot (NASDAQ ODP)

MarketBeat's community ratings are surveys of what our community members think about Office Depot and other stocks. Vote "Outperform" if you believe ODP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ODP will underperform the S&P 500 over the long term. You may vote once every thirty days.